⚡️🇺🇸 Here's a summary of six budget-neutral strategies that the Secretaries of the Treasury and Commerce could use to acquire bitcoins without costing U.S. taxpayers:

1-Future bitcoin seizures: Accumulate bitcoin confiscated in criminal or civil investigations, without spending public money.

2-Acceptance of payments in bitcoin: Authorize the payment of federal fines, taxes or fees in bitcoins, which would be added to the reserve.

3-Sale of non-essential federal assets: Sell unused federal property (land, buildings) to finance the purchase of bitcoin.

4-Use of existing revenues or profits: Reallocate existing funds, such as Federal Reserve profits, to buy bitcoin without budgetary impact.

5-Mining bitcoins with existing resources: Harness federal infrastructure or energy surpluses to mine bitcoin at no additional cost.

6-Sale of gold reserves: Sell part of gold reserves to obtain liquidity and buy bitcoin, without further expenditure.

These strategies increase #bitcoin reserves while remaining budget-neutral.

Reply to this note

Please Login to reply.

Discussion

No one is prepared for what is going to happen

Numbers 1 and 2 incentivize the government to fuck people out of their bitcoin. Let’s hope the focus is on 3-6.

You are missing the best one: reevaluate gold held by Treasury (currently held at ~42 USD) to market price.

This adds the difference in cash to Treasury account.

Even more shenanigans: with repeal of SAB121 can they post existing BTC to FED as collateral for USD "liquidity" which could be used to buy more BTC?

This literally means infinite money if US government does it.

what is .51 times 21 million?